Bulging inventories of unsold bikes and treadmills and declining demand around the world led the former connected fitness high flyer to pause production of all models, CNBC reported, referencing a leaked internal presentation. PTON has already halted producing its Bike+ until June, and does not plan to make any Tread+ treadmills at all in 2022. Now it will suspend production of its entry-level Bike for two months, and production of its lower-end Tread for six weeks, according to the report. PTON shares tumbled 25% on the news, following a trading halt, and are now below the $29 IPO price for ... Log in to view full article.